Crypto Mining Income & Tax Calculator
Mining Income & Expenses
Tax Treatment
As Business Income: Mined crypto is taxed as self-employment income at fair market value when received.
Deductible Expenses: Electricity, equipment depreciation, internet, repairs, space rental.
Form 1099-NEC: Report on Schedule C. Also subject to self-employment tax (15.3%).
Use this crypto mining income & tax calculator to compute blockchain & crypto results from your inputs.
Formula
Daily coins mined = (Hash rate / Network difficulty) × Block reward Daily power cost = (Power consumption / 1000) × 24 × Electricity cost Daily pool fee = Daily coins × Coin price × Pool fee % Daily profit = (Daily coins × Coin price) - Power cost - Pool fee Taxable mining income = Daily coins × Fair market value at receipt Tax owed = Income × SE tax (15.3%) + Income tax After deducting electricity: Net income = Income - Power costs